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248 E Artesia Blvd
For Sale $1,645,000
$1,645,000
- 7 Units
- Unknown Sq Ft
- 4,851 Sq Ft
- Unknown Cap Rate
Description
248 East Artesia Boulevard is a seven-unit apartment building in Long Beach, California. This offering is a great opportunity to acquire an asset with a desirable unit mix and 18 percent rental upside s at a 6.17 percent current cap rate.
248 East Artesia Boulevard is a 1963 construction two-story building with five two-bed/one-bath and two one-bed/one-bath units that are separately metered for gas and electricity. The building features copper plumbing and also offers on-site laundry and five tuck-under parking spaces.
The property is located in North Long Beach proximate to the 91 and 710 Freeways and one block to Starr King Elementary. This area is a strong rental submarket with consistently low vacancy rates.
248 East Artesia Boulevard is offered as part of a portfolio sale along with 228 East Artesia Boulevard, a six-unit building just six parcels away. Properties may be acquired separately or together.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,645,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1963 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7303012042 |
| MLS # | PW25046471 |
| Property ID | 291979751 |
| Lot Sqft | 4,851 |
| Zoning | LBR3T |
| Total Units | 7 |
| Days on Market | 293 |
| Original List Price | $1,645,000 |
| Date Updated | March 03, 2025 |
| Date Created | March 03, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Steven Bogoyevac an agent of . Lic #01332755
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of March 03, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
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